Question 27 Chapter 6 of Class 12 Part – 1 Usha Publication

Question 27 Chapter 6 of Class 12 Part – 1 Usha Publication

27. (Surrender Value of JLP given) A, B, and C are partners in the 2:3:1 ratio They took a policy of Rs. 5,00,000 and paid an annual premium of Rs. 20,000. The surrender value of the policy on the retirement of C is Rs. 7,500. The partner decides to show JLP in the books. Journalese.

The solution of Question 27 Chapter 6 of Class 12 Part – 1 Usha Publication: -

We are providing a solution of Question 27 Chapter 6 of Class 12 Part – 1 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:

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The video consists solution of questions number 24 to 29 Chapter no. 6 class 12 of Usha publication. To check the direct solution of question no. 27 from the flowing video by using time stamps of the video.

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2. Check out the Solution of this question in Article Format:-

Journal

Date	Particulars		L.F.	Debit	Credit
	Join life policy A/c	Dr.		7,500
	To A’s capital A/c				2,500
	To B’s capital A/c				3,750
	To C’s capital A/c				1,250
	(Being joint life policy brought in to books )